Miners State Bank
Iron River, Michigan · FDIC Cert #10928
This is the FDIC profile for Miners State Bank, an FDIC-insured bank (Certificate #10928) with $139M in total assets and $116M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Iron River, Michigan, the bank maintains a Tier 1 capital ratio of 11.41% (Well-Capitalized) and a nonperforming loan ratio of 0.89%. BankHealthData assigns a composite Health Grade of B (74/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Miners State Bank (FDIC cert 10928) is a community bank — $139M in total assets, $116M in deposits, serving the Iron River, Michigan area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.41% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.89% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 26.6% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is minimal: ROA of 0.16% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Miners State Bank carries a composite BankHealth grade of B (74/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Miners State Bank
- Total Assets
- $139M
- Total Deposits
- $116M
- Tier 1 Capital Ratio
- 11.41%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.89%
- Liquidity Ratio
- 26.63%
- Return on Assets
- 0.16%
- Headquarters
- Iron River, Michigan
- FDIC Certificate
- #10928
- Health Grade
- B (74/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Miners State Bank files quarterly Call Reports with the FDIC under Certificate #10928. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Miners State Bank holds a Tier 1 capital ratio of 11.41%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Miners State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Miners State Bank shows strong financial health indicators. With $139M in assets and a Health Score of 74/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Miners State Bank Compares
Miners State Bank’s Health Score of 74 is 8 points below the Michigan state average of 82 across 69 FDIC-insured banks. Its 11.41% Tier 1 capital ratio is 2.6 points below the US banking industry average near 14%. The 0.89% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.16% is below the national ROA benchmark of ~1.1%. Among 1320 similarly-sized banks, the average Health Score is 81, meaning this bank ranks below its size cohort. Site-wide, Miners State Bank is 6 points below the portfolio average of 80.
Frequently Asked Questions
Miners State Bank has a Bank Health Score of B (74/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 11.41%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Miners State Bank's Tier 1 capital ratio of 11.41% and nonperforming loan ratio of 0.89% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Miners State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10928). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Miners State Bank holds $139M in total assets and $116M in total deposits. It is headquartered in Iron River, Michigan (FDIC Certificate #10928).
Miners State Bank's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #10928 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Miners State Bank has a Tier 1 capital ratio of 11.41%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.89%, and the return on assets is 0.16%.
Yes. Miners State Bank is FDIC-insured (Certificate #10928). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Miners State Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.